Friday November 20, 2015
Economic Calendar & Watch List 11/20/2015
Morning Notes
US Futures are slightly higher this morning led by news that Nike (NKE) had approved a $12 Billion dollar share buyback program while increasing their dividend to shareholders. European stocks are trading lower led by a slide in banking stocks. Asian stocks closed mostly higher.
Technicals
The SPY traded in a tight, range bound area in yesterday’s session compared the the last few days. Support will lie at the low of yesterday’s range at $208.20, followed by the 200 day moving average at $206.56 and then the low of Wednesday’s range at $205.99. Resistance will lie at the high of yesterday’s range at $209.05, followed by $209.49, $210.32, and descending resistance at $210.60.
Small Cap Watch List
* Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
NKE
SRPT
FL
BMRN
Economic Calendar
| 9:00 St. Louis Fed President James Bullard speaks
11:00 Nov Kansas City Fed manufacturing activity expected +1 to 0 11:15 New York Fed President William Dudley speaks |
Notable Earnings Before Open
FL: Foot Locker – EPS Est. $.94, Rev Est $1.78B
ANF: Abercromie & Fitch – EPS Est. $.22, Rev Est $864.65M
Notable Earnings After Close
NONE
